Guest Opinion: Matz Says Diligence Is Key as Demands Grow

Over the last 20 years, the pressure of competition has increased significantly for credit unions. Many non-depository institutions have entered the lending and transaction account spaces historically reserved for financial institutions. The fast pace of innovation in technology and financial products and services have brought new consumer expectations along...

By Debbie Matz|May 29, 2012 at 08:00 PM

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Over the last 20 years, the pressure of competition has increased significantly for credit unions. Many non-depository institutions have entered the lending and transaction account spaces historically reserved for financial institutions. The fast pace of innovation in technology and financial products and services have brought new consumer expectations along with legal, operational, and financial risks. These trends have combined to create significant challenges for credit unions.